St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-22
THE COMMERCIAL RECORD.
The Cold Wave Forced Up Prices at the
Start on the Chicago Board of
Trade Yesterday.
But Later On the Market Became Quiet
and the Prices Dropped a
Little.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

CHICAGO, Dec. 21.-Provis1ons opened
high. May pork started off at $3.50, March
ribs at S7.92I2, and May lard at S7.11l20
$50. The receipts of hogs were only 23,OOO
head, which was below estimates and the
bulls were delighted. Brokers who usually
act for Ream and Armour began selling from
the opening, and Singer and Wright were
similarly engaged. Concerted selling broke
pork 15c and ribs and lard 21Q22c during
the first hour. Wheat and corn opened firm
and steady, and there was little excitement
or fluctuaIion the early part Of the session.
The early range on May corn was 54lS@
544c. and on May wheat S4@S414c. Cables
were stronger, and a healthy foreign inquiry
was reported. Speculation was not disturbed
by unusual excitement of any sort to day. In
wheat prominent firm sold about 1000,
600 bushels for May delivery at from 84a4@
S4lac down to S44c, and in corn another
big firm took 100000 or 100000 bushels at
54Q544c, and a well-known house sold a
line of something like 100000 bushels This
was about the only notable trading that was
seen in either pit The markets acted at
times as though they would easily break
under pressure, and the theory OBJ
tanned in some quarters that a
great deal of property would be offered
but for the seeming hesitancy. 1t was no
ticed that when the pressure came values
yielded only fractionally and recovered the
moment it was relaxed. The tone of the
grain market may be described as firm, if not
strong and at o'clock the range shows a
material advance. wheat making the largest
gain. Private cables are stronger than pub
lie advices and the situation everywhere is
favorable to the bulls apparently. The
present policy of the big provision bears
seems to be to hold the market level and
check further advance in prices, trusting TO
the eyentful influences of dead weight to
drag the market down from what they look
upon as an artiicially high range. They
have great faith in the tiring-out power and
the dead weight The o'clock range records
g gain on the day of ss@s4c in wheat, 14c in
corn and 12I2@15c in pork lard and ribs re-
manning without changes. At the afternoon
session provisions were steady and grains
were trifle lower. $50 p. m. prices:
Wheat, December. 1850; January, 77l5c;
February, 777sc: May, S414c. Corn, Decem-
Der, 4Ss4c: January. 1850; February, 49Ac;
MAY, 5SIs@5S4c. Oats January and Feb
ruary, 30s4c; May, 3334c. Pork, January,
SI4.97I2: May. S15.65. Lard, January,
$3.50; February, $3.50; May, S7.9712. Spare
ribs, January, $40; February, $3.50;
March, $3.50; May, $50.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. December opened at 1684c,
closing at 1850; January. 17lsc, closing at
77Isc; February, Use, closing at Use; May,
Sic closing at S4Lc. COrn-No. 2 Deem
Der opened at 1850, closing at 4Ss4c; jan
uary 48I2c closing at 1850; February
closed at 494c; May. 54l4c, closing at
54Isc Oats-No 2 January 3034c; February
opened at 30s4c, closing at 3OS4c: May, $3.50,
closing at 33s4c. Mess Pork, per bbl-Janu-
airy opened at Sl5, closing at Sl49z42; May,
Sl5.75. closing at S15.15. Lard,pe 100 lbs
January opened at $3.50, closing at 81. so;
February, 81 92Ia, closing at $3.50; May,
SIS 22I2, closing at SS.17I2. Short Ribs,
per 100 lbs-January opened at S7.72l2,
closing at $40; February, S1.S212, closing
It $3.50: March, 500, closing at $50;
May, SS.12l2, closing at S.; 10.
Cash quotations were as follows: Flour
quiet and prices unchanged. Wheat-No: 2.
spring 7634c; No. 3 spring, 66I2G67l2c; No.
red, 7sl2c Corn-NO. ., 4Sl2c: Oats-No.
2, 3Os4c Rye-NO. >, 62c. Barley-No. =,
7OG76c. Flax seed-No. !, Sl.27611. 2S.
Prime timothy seed, S2.31. Mess pork, per
Dbl. S14. 75@l. 14.95 Lard, per 100 lbs,
S7.77I2G7. So Short rib sides QOose), $40
0772I2 Dry sailed shoulders. boxed. 50 80
at. Short clear sides, boxed, SSG 500.
Whisky distillers finished goods, per gallon,
SlIO. Sugar-Cut loaf. 7s46lS4c; granu-
lated z 1-5c: standard A re. Receipts
Flour, IA 900 bbIs; wheat, 81, 900 bu; corn,
329, 900 bu; oats, $4,000 bu; rye, 1000
bu; barley, II 900 bu. Shipments-FlOur,
AZ, 1000 bbls; wheat. 80, 900 bu: corn, 172,000
bu: oats, $1,000 bu; rye. 1000 bu: barley,
81, 900 bu. On the produce exchange to-day
the butter market was only fairly active;
extra creamery, 2SI2030c; fancy dairy, "a
M25c Eggs. 2lM22c.